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BARSIC [14]
3 years ago
6

The understatement of the ending inventory balance causes:

Business
1 answer:
Nina [5.8K]3 years ago
8 0

Answer: The correct answer is "E. Cost of goods sold to be overstated and net income to be understated.".

Explanation: The understatement of the ending inventory balance causes:  

<u>Cost of goods sold to be overstated and net income to be understated.</u>

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What do you hope to gain from the course of economic development?​
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Explanation:

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3 years ago
In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a
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$35,300 (Credit)

Explanation:

Given that;

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5 0
3 years ago
Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma
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Answer:

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Explanation:

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Thank you!

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